Press release
Key Trend Reshaping the Identification (ID) Barcode Readers In Factory Automation Market in 2025: Innovation In ID Barcode Technology With Compact Industrial 1D Code Readers
What Are the Projections for the Size and Growth Rate of the Identification (ID) Barcode Readers In Factory Automation Market?Over the previous few years, the factory automation market for identification (ID) barcode readers has experienced a powerful surge in size. The market value is projected to grow from $2.56 billion in 2024 to $2.76 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to the growth during the historic period include enhanced capabilities for integrating databases for data management, the rise of automatic data capture and process automation, advancements in mobile compatibility for ID barcode scanning, a widening scope of ID barcode reading applications across various industries, and a decrease in data entry and record-keeping errors.
Expectations are high for the ID barcode readers in the factory automation market, with strong growth projections over the upcoming years. It is forecasted to reach a value of $3.69 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.5%. This anticipated growth during the prediction period is likely due to a number of factors, including the rising use of image recognition applications, increased demands for precision and reliability in production lines, the application of high-speed scanners for quicker processing, the enlargement of regulatory requirements and industry standards, as well as growing demands for secure, tamper-proof ID verification methods. The forecast period is also likely to see significant trends including innovations in ID barcode technology applications, compliance assurance, improvements in quality control, product innovation and the advancement of barcode readers.
What Is Stimulating Growth in the Identification (ID) Barcode Readers In Factory Automation Market?
The rise in the usage of image recognition applications is set to fuel the expansion of ID barcode readers in the factory automation sector. Image recognition consists of identifying and detecting certain elements or features within digital images or photos. The efficiency, traceability, and reduction of errors in production and inventory management procedures have spurred the demand for ID barcode readers in factory automation. Through the use of ID barcode readers, image recognition enables swift and correct identification and processing of the information encoded in barcode images, thus advancing automated data retrieval and management. For instance, a report by Capital Economics, a UK-based economics company, stated that about 2% of businesses are evaluating AI as of January 2022, and 10% intend to implement AI technologies, which approximately amounts to 62,000 and 292,000 businesses, respectively. Out of the various AI applications, data management and analysis rank the highest, used by 9% of UK companies. This is followed by natural language processing at 8%, machine learning at 7%, AI hardware at 5%, and computer vision/image recognition at 5%. As a result, the growing use of image recognition applications is instrumental in driving the growth of ID barcode readers in the factory automation sector.
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Which Businesses Are at the Forefront of Identification (ID) Barcode Readers In Factory Automation Market Development?
Major companies operating in the identification (ID) barcode readers in factory automation market are Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc
What Are the Latest Innovations in the Identification (ID) Barcode Readers In Factory Automation Market?
Leading enterprises in the identification barcode reader market within the arena of factory automation are striving for innovation in ID barcode technology applications. This includes the development of compact industrial 1D code readers, aimed to deliver trustworthy and efficient barcode reading. These compact industrial 1D code readers are barcode scanning devices created for manufacturing and logistics settings. For example, in January 2024, Datalogic S.p.A., an industrial automation firm based in Italy, introduced the Blade Series. This new range of compact industrial 1D code readers offers state-of-the-art traceability solutions for the packaging and intralogistics sectors. With its solid-state 1920x128 pixel camera sensor, advanced lighting, and high-accuracy 1-dimensional decoding, it can detect labels regardless of discoloration, damage, wear, or poor quality.
How Is the Identification (ID) Barcode Readers In Factory Automation Market Segmented?
The identification (ID) barcode readers in factory automation market covered in this report is segmented -
1) By Technology: Quick Response (QR) Or Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition
2) By Offering: Hardware, Software, Services
3) By Deployment: Cloud, On-Premise
4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search
5) By End Use: Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Media And Entertainment, Retail And E-Commerce, Other End Uses
Subsegments:
1) By Quick Response (QR) Or Barcode Recognition: 1D Barcode Scanners, 2D Barcode Scanners, QR Code Readers
2) By Object Recognition: Object Detection Scanners, Machine Vision Systems for Object Recognition, 3D Object Recognition Technologies
3) By Facial Recognition: Face Scanning Systems For Factory Access, AI-Based Facial Recognition Technology, Multi-Factor Authentication With Facial Recognition
4) By Pattern Recognition: Pattern Matching Algorithms, Optical Pattern Recognition Systems, Barcode And QR Code Pattern Recognition
5) By Optical Character Recognition (OCR): OCR For Barcode Reading, Text Recognition Systems For Factory Automation, Handwritten Text Recognition
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Where Is the Identification (ID) Barcode Readers In Factory Automation Market Growth Most Prominent?
North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2024. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Identification (ID) Barcode Readers In Factory Automation Global Market Report?
- Market Size Analysis: Analyze the Identification (ID) Barcode Readers In Factory Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Identification (ID) Barcode Readers In Factory Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Identification (ID) Barcode Readers In Factory Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Identification (ID) Barcode Readers In Factory Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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